HAL Q3 Results: Profit climbs 30% YoY to Rs 1,867 crore; co declares Rs 35/share dividend

Hindustan Aeronautics (HAL) on Thursday reported a 30% year-on-year (YoY) rise in consolidated net profit to Rs 1,867 crore for the third quarter. The company has declared a first interim dividend of Rs 35 per share, with the record date set for February 18.

Revenue from operations in the December quarter increased 11% YoY to Rs 7,699 crore, compared with Rs 6,957 crore in the same quarter last year.

The company reported EBITDA of Rs 1,871 crore in the third quarter, up from Rs 1,682 crore in the year-ago period. Margins improved marginally to 24.3% from 24.18% a year earlier.


Profit before tax increased to Rs 2,487 crore from Rs 2,042 crore in the corresponding period last year, reflecting healthy execution across key defence programmes.

Total expenses during the quarter rose to Rs 6,139 crore from Rs 5,552 crore a year ago, largely in line with revenue growth. Cost of materials consumed remained the largest component, while employee and other expenses were broadly stable as a percentage of revenue.

For the nine months ended December 2025, HAL reported revenue from operations of Rs 19,146 crore and a net profit of Rs 4,919 crore.

HAL shares have been under pressure lately amid concerns over delivery timelines for the LCA Mk1A fighter jets and intensifying competition from private-sector rivals in India’s next-generation combat aircraft programme. The stock has fallen 8% over the past month.

The defence company clarified that five aircraft are fully ready for delivery, incorporating the major contracted capabilities in line with the agreed specifications.

The Economic Times had earlier reported that HAL has been shut out of the race to develop India’s next-generation Advanced Multirole Combat Aircraft (AMCA).

On Thursday, HAL shares were trading 0.36% higher at Rs 4,148 on the NSE.